Abstract
Purpose The purpose of this paper is to study the user experiences of the futures wheel method to investigate its suitability to advance futures thinking in the real estate field. Design/methodology/approach The user experiences of the futures wheel method are investigated through questionnaire answers of 114 master’s level students and real estate experts taking part in future wheel workshops. Findings The futures wheel method could enhance future-oriented thinking and decision-making in the real estate field. The respondents see futures thinking as an important skill and recognize several advantages concerning the method. Practical implications The futures wheel method bears great potential to be used in the real estate sector and it could be a fruitful addition to the curriculums at different education levels in real estate studies. Social implications Futures thinking is essential when aiming for sustainable decisions in the real estate field which again would benefit the whole surrounding society. Originality/value This paper is the first published paper concentrating on the user experiences of the future wheel method in the real estate sector. The benefits and the disadvantages of the method are investigated but also the attitudes indicating the potential of the method to be successfully adopted in the field are analyzed.
Highlights
Real estate market actors are faced daily with the essential need to make different decisions concerning real estate
Study design This paper aims to study the user experiences concerning the futures wheel method to investigate its suitability and usability in the real estate field
None of the participants was familiar with the future wheel method before but it seemed to be easier for the students than for the experts to adopt and apply the method by themselves
Summary
Real estate market actors are faced daily with the essential need to make different decisions concerning real estate These decisions have often many complex and far-reaching impacts which can be very wide, including economic, political, environmental, social, cultural, technical and legal impacts. Market actors might be conducting significant decisions without proper knowledge and analysis of their possible and plausible long-term impacts. This again can lead to unwanted and unexpected development which may endanger the future sustainability of the real estate sector
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